Insurance Journal

Alliant Insurance Services Acquires Advanced Benefits in Idaho

Alliant Insurance Services, headquartered in Irvine, California, acquired Advanced Benefits, based in Coeur d’Alene, Idaho. Founded in 1993, Advanced Benefits offers employee benefit programs, and HR and compliance services. The entire Advanced...

Posted: Apr 23, 2024

Home Explosion in Maryland Sends 1 Man to Hospital

An explosion razed a home in suburban Baltimore, officials said, sending one person to the hospital for injuries and requiring aid from dozens of firefighters to douse the flames. Baltimore County fire officials said they were called to the scene &#8...

Posted: Apr 23, 2024

Home Explosion in Maryland Senda 1 Man to Hospital

An explosion razed a home in suburban Baltimore, officials said, sending one person to the hospital for injuries and requiring aid from dozens of firefighters to douse the flames. Baltimore County fire officials said they were called to the scene &#8...

Posted: Apr 23, 2024

Home Explosion in Maryland Injures 1, Requires 3 Crews to Douse Flames

An explosion razed a home in suburban Baltimore, officials said, sending one person to the hospital for injuries and requiring aid from dozens of firefighters to douse the flames. Baltimore County fire officials said they were called to the scene &#8...

Posted: Apr 23, 2024

People Moves: MGA Nexus Taps Willett From Barents Re as Head of Development; PoloWorks Appoints CNA...

This edition of International People Moves details appointments at Nexus Group and PoloWorks. A summary of these new hires follows here. MGA Nexus Taps Willett From Barents Re as Head of Development Nexus Group, the London-based specialty managing ge...

Posted: Apr 22, 2024

J&J, Kenvue Told to Pay $45 Million to Baby Powder User’s Family

Johnson & Johnson and Kenvue Inc. were ordered to pay $45 million to the family of an Illinois woman who blamed the companies’ baby powders for giving her a fatal cancer in what was the first verdict against the J&J …

Posted: Apr 22, 2024

What Do Countries and Companies Want in Global Plastic Treaty Talks?

Global leaders will gather in Canada’s capital this week to discuss progress in drafting a first-ever global treaty to rein in soaring plastic pollution by the end of the year. The hoped-for treaty, due to be agreed at the end …

Posted: Apr 22, 2024

Parental Fury After Stem Cell Bank Ruins Thousands of Children’s Samples in Singapore

Thousands of parents in Singapore are furious, with some now pursuing legal action, after a major operator of cord blood banks in Asia irreparably damaged their children’s samples through improper handling. The ongoing case, one of the worst to...

Posted: Apr 22, 2024

Europe Is Being Scorched and Flooded by Growing Climate Extremes

The European Union endured its joint-hottest year on record in 2023, according to new scientific analysis, pointing to a more perilous future for what is already the world’s fastest-warming continent. Europe experienced its largest wildfire on...

Posted: Apr 22, 2024

FTX Investors Settle With Bankman-Fried to Pursue Promoters

A group of FTX investors and customers has agreed to drop their claims against co-founder Sam Bankman-Fried in exchange for his cooperation against other defendants in a sprawling set of lawsuits over the cryptocurrency exchange’s collapse. The...

Posted: Apr 22, 2024

People Moves: McDonnell Succeeds Bridge as President of Vermont Mutual

The Vermont Mutual board of directors named Mark J. McDonnell president of Vermont Mutual Insurance Group. McDonnell is the 18th president, succeeding former president and current CEO Daniel C. Bridge, who will retire at the end of 2024. McDonnell jo...

Posted: Apr 22, 2024

TN VW Employees Vote Overwhelmingly to Join United Auto Workers Union

CHATTANOOGA, Tenn. (AP) — Employees at a Volkswagen factory in Chattanooga, Tennessee, overwhelmingly voted to join the United Auto Workers union Friday in a historic first test of the UAW’s renewed effort to organize nonunion factories. The un...

Posted: Apr 22, 2024

Why New York’s Attorney General Objects to Trump’s Bond Insurer

New York’s attorney general has urged the state judge overseeing the state’s civil fraud case against Donald Trump to reject the former president’s $175 million appeal bond. Attorney General Letitia James objects to Knight Specialty...

Posted: Apr 22, 2024

Why New York Attorney General Objects to Trump’s Bond Insurer

New York’s attorney general has urged the state judge overseeing the state’s civil fraud case against Donald Trump to reject the former president’s $175 million appeal bond. Attorney General Letitia James objects to Knight Specialty...

Posted: Apr 22, 2024

Wells Fargo Bond Saleswoman Sues Over ‘Unapologetically Sexist’ Workplace

Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an “unapologetically sexist” workplace. The complaint filed on...

Posted: Apr 22, 2024

Third Channel to Baltimore Port Opens as Bridge Collapse Recovery Efforts Continue

A third temporary channel for boats to enter and depart the Port of Baltimore has opened, expanding further shipping access as collapsed sections of the Francis Scott Key Bridge are salvaged before the span can ultimately be rebuilt. The alternate &#...

Posted: Apr 22, 2024

AIG General Insurance Chairman McElroy to Retire May 1

American International Group (AIG) today announced a top executive will retire in less than two weeks. David McElroy will retire from AIG on May 1. “Mr. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and &#82...

Posted: Apr 22, 2024

Strong Prices Support London Market Profits, Prompting Revision in AM Best Outlook

The strong pricing environment for most business lines written in the London insurance market is expected to support good underwriting profitability – factors that have led AM Best to revise its outlook for the segment to positive from stable. Furthe...

Posted: Apr 22, 2024

Walgreens to Pay $110M to End Philadelphia Opioid Litigation

The city of Philadelphia has reached a $110 million settlement of its 2021 lawsuit against Walgreens pharmacy for the company’s role in supplying and perpetuating the opioid addiction crisis in Philadelphia. Under the terms of the agreement, Wa...

Posted: Apr 22, 2024

World’s Workers Increasingly at Risk as Climate Changes: Int’l Labour Organization

More than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization said on Monday, adding governments would need to act as the numbers …

Posted: Apr 22, 2024

Iowa Governor Signs Measure to Increase Compensation for Boy Scouts Abuse Victims

DES MOINES, Iowa (AP) — Iowa men who were victims of child sexual molestation while they were in the Boy Scouts of America could get higher legal compensation under a measure lawmakers approved and the governor signed into law last …

Posted: Apr 22, 2024

Progressive Gains as Drivers Shop Around for Auto Insurance—Again

Although it may have seemed like drivers had thrown in the towel on trying to find cheaper auto insurance prices late last year, a new study of consumer behavior finds they’re back to shopping around. In addition, when they decide …

Posted: Apr 22, 2024

Differences Between Named Insured and Additional Insured: Part 2

This post is part of a series sponsored by TSIB. When working on a construction project, the company you are working for may ask to be an Additional Named Insured or an Additional Insured. It’s easy to believe that they …

Posted: Apr 22, 2024

Tiny Texas City Repels Russia-Tied Hackers Eyeing Water System

When Mike Cypert got the call that utilities in remote Texas communities were being hacked, he raced across his office to unplug the computer that ran his city’s water system. Hale Center is a dusty, cotton-growing burg of 2,000 about …

Posted: Apr 22, 2024

EPA Designates PFAS Chemicals as Superfund Hazardous Substances

The U.S. Environmental Protection Agency on Friday designated a pair of widely used industrial chemicals as hazardous substances under the country’s Superfund program, accelerating a crackdown on toxic compounds known as “forever chemical...

Posted: Apr 22, 2024